Analysts Set Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) Target Price at $12.71

Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) has been assigned a consensus recommendation of “Hold” from the five ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $12.7143.

YMM has been the subject of a number of research reports. Barclays cut their price objective on Full Truck Alliance from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Wednesday, November 19th. Jefferies Financial Group set a $13.00 target price on Full Truck Alliance in a research note on Monday, November 17th. Morgan Stanley set a $14.00 price target on shares of Full Truck Alliance in a research report on Monday, November 17th. Weiss Ratings lowered shares of Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, January 13th. Finally, iA Financial set a $8.00 price objective on shares of Full Truck Alliance in a research note on Monday, January 12th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Schroder Investment Management Group boosted its holdings in Full Truck Alliance by 2,789.6% during the 3rd quarter. Schroder Investment Management Group now owns 33,333,051 shares of the company’s stock valued at $432,330,000 after acquiring an additional 32,179,501 shares during the period. First Beijing Investment Ltd increased its stake in Full Truck Alliance by 73.8% in the 3rd quarter. First Beijing Investment Ltd now owns 68,645,580 shares of the company’s stock worth $890,333,000 after purchasing an additional 29,150,926 shares during the period. Invesco Ltd. lifted its position in Full Truck Alliance by 66.4% in the third quarter. Invesco Ltd. now owns 54,223,349 shares of the company’s stock valued at $703,277,000 after purchasing an additional 21,628,993 shares during the last quarter. Capital International Investors bought a new stake in Full Truck Alliance in the third quarter valued at approximately $188,227,000. Finally, Norges Bank purchased a new stake in shares of Full Truck Alliance during the second quarter valued at approximately $134,623,000. 39.02% of the stock is owned by institutional investors.

Full Truck Alliance Stock Performance

NYSE YMM opened at $9.94 on Thursday. Full Truck Alliance has a 52-week low of $9.45 and a 52-week high of $14.07. The company has a fifty day moving average of $10.70 and a 200-day moving average of $11.79. The company has a market capitalization of $10.40 billion, a P/E ratio of 18.76 and a beta of 0.22.

About Full Truck Alliance

Full Truck Alliance (NYSE: YMM) operates a leading digital freight platform in China, connecting shippers with a vast network of independent truck drivers. The company’s core offering centers on load matching, enabling cargo owners to find suitable carriers quickly through a mobile and web-based interface. By streamlining the booking process, Full Truck Alliance helps reduce downtime and improves overall asset utilization for both shippers and drivers.

The platform features real-time route optimization, electronic waybills, digital payment solutions and in-app communication tools.